Category: 1099

Form 1099-DIV is the IRS information return that corporations, mutual funds, REITs and brokers use to report dividends and other distributions of $10 or more paid to a shareholder during the year. The payer sends Copy B to the shareholder by February 1, 2027, and files Copy A with the IRS. The main task is…

Form 1099-INT is the IRS information return that banks, businesses, government agencies, and other payers use to report interest they paid during the year. For tax year 2026, you generally must file one for each person you paid $10 or more in interest, or $2,000 or more for certain interest paid in the course of…

This post is for filers who have no IRIS TCC, a pending application, or a TCC but no way to transmit their volume. It covers the timeline from early October and the options for filing tax year 2026 returns on time. New to the transition? Our FIRE to IRIS transition guide covers the background. Timeline…

This guide covers what happens after a transmission: what each IRIS status means, the errors behind them, and how corrections work in IRIS. If you’re still deciding how to file, see IRIS Taxpayer Portal, A2A, or a Provider? For the timeline, see our FIRE to IRIS transition guide. What happens after you transmit through IRIS…

A name/TIN mismatch found before filing takes a new W-9 to fix. Found after filing, it takes a corrected return, a response to a CP2100 notice, B-notice mailings, possibly backup withholding, and possibly a penalty. This guide covers how IRS TIN matching works, a fall timeline for running it, what each result code means, and…

Key dates at a glance: Per the IRS FIRE system page, November 19, 2026, at 3 p.m. ET is the last day to submit information returns through FIRE. November 1 is the last day to file test returns through the FIRE Trading Partner Test System, and November 9 is the last day to make changes…

Tax year 2026 is the first filing season when IRIS is the only way to e-file information returns with the IRS. The IRS’s FIRE system page confirms that FIRE stops accepting submissions on November 19, 2026, and that after January 1, 2027, IRIS handles everything: current-year returns, prior-year returns, and corrections. For organizations that have…

As businesses prepare for the 2027 tax filing season, understanding when 1099s are due and other critical IRS filing deadlines is essential for compliance and avoiding costly penalties. This season carries two additional considerations beyond the usual calendar: it’s the first filing season conducted entirely through IRIS, since the FIRE system no longer accepts submissions…

Forms 1099-NEC and 1099-MISC include new boxes for tax year 2026. The changes are driven by the No Tax on Tips and No Tax on Overtime provisions of the One Big Beautiful Bill Act (OBBBA), which allow eligible recipients to deduct qualified tips and overtime compensation. To support those deductions, payers are required to separately…

The 2026 tax year includes significant changes to 1099 reporting, affecting which vendors require forms, what data those forms must capture, and how returns are submitted to the IRS electronically. This guide covers what changed, which organizations are affected, and what steps to take before January 2027 filing season. Looking for 2025 form changes? Those…

The distribution code in Box 7a of Form 1099-R tells the IRS what kind of payment it was: an early or normal distribution, a rollover, a death benefit or something else. The code signals whether the 10% additional tax on early distributions may apply and how the recipient reports the money. Starting with tax year…